Money Investing megathread extravaganza - Page 29

**DaFace** · 06:35 PM

A place to talk about investing stuff.

Discuss Thrower · 09-19-2016, 07:37 PM

Quote:

Originally Posted by lewdog

Don't change your investments based on who wins. It's largely uncorrelated when calculated for a president's full term. Political parties don't really effect the market. We've had great and bad times with both parties at the helm.

No, but I feel confident that a Trump election would make volatility spike and stay spiked for a while.

**lewdog** · 09-19-2016, 07:41 PM

Quote:

Originally Posted by Discuss Thrower

No, but I feel confident that a Trump election would make volatility spike and stay spiked for a while.

Fine with me. Are you retiring soon?

I'd like a stock sale. But I think volatility will be high regardless of who wins this election given both candidates.

ChiliConCarnage · 09-21-2016, 05:49 PM

non shocker? rates didn't move.

scho63 · 09-21-2016, 06:15 PM

I think the market is way overdue for a correction and these lower than low rates are like a loaded spring.

**lewdog** · 09-21-2016, 06:26 PM

The paperwork for a simple mortgage refinance has been insane. Should be closing fairly soon though. The loan company waived our appraisal, as they determined we already have enough equity in the house to refinance without someone having to look at the property and determine it's value. So that's a bonus.

scho63 · 09-21-2016, 07:41 PM

Quote:

Originally Posted by lewdog

The paperwork for a simple mortgage refinance has been insane. Should be closing fairly soon though. The loan company waived our appraisal, as they determined we already have enough equity in the house to refinance without someone having to look at the property and determine it's value. So that's a bonus.

What was the factor behind the refinance if you don't mind me asking?

Rates have been so low for so long not sure how you reduce payments anymore or were you looking to take out equity to do something else with the money?

**lewdog** · 09-21-2016, 07:53 PM

Quote:

Originally Posted by scho63

What was the factor behind the refinance if you don't mind me asking?

Rates have been so low for so long not sure how you reduce payments anymore or were you looking to take out equity to do something else with the money?

When we bought the house 3 years ago, we only got approved for a 4.625% rate, I think because of my wife's lowish credit score of 720. I also didn't do any shopping around, so that probably didn't help. I checked into refinancing last month with rates being at record lows and they ran a credit report and with our credit now, 790 and 805, they said they could knock a full 1% off our interest rate. We plan to stay in this house long term, so it's just a play to pay less interest over the life of the loan. Our mortgage payment is very comfortable for us, so we will continue paying what we pay now, maybe even a little more, to pay off the house sooner and with the refinance, save on interest over the life of the loan.

**Buehler445** · 09-21-2016, 07:54 PM

Quote:

Originally Posted by scho63

What was the factor behind the refinance if you don't mind me asking?

Rates have been so low for so long not sure how you reduce payments anymore or were you looking to take out equity to do something else with the money?

When I did mine a few years ago I picked up a shorter term and was able to reduce the rate significantly enough.

Demonpenz · 09-21-2016, 11:57 PM

I have two new books. How to Crush it...and Built to Last.

El Jefe · 09-22-2016, 07:25 AM

Anyone have any good recommendations on where to put money you are taking out of Savings? My local PNC is closing, so I am taking all my savings out, and I am going to take it somewhere. I should have done it a while ago, because the interest rate is a joke. I guess I kind of worried putting it somewhere else where I don't have quick access to it.

El Jefe · 09-22-2016, 07:26 AM

^I have a cash reserve at my house that is instantly available, so if it took a couple days to access my funds, it wouldn't be the end of the world.

**DaFace** · 09-22-2016, 08:19 AM

Quote:

Originally Posted by El Jefe

Anyone have any good recommendations on where to put money you are taking out of Savings? My local PNC is closing, so I am taking all my savings out, and I am going to take it somewhere. I should have done it a while ago, because the interest rate is a joke. I guess I kind of worried putting it somewhere else where I don't have quick access to it.

There are a number of "high interest" savings accounts out there online. They're still pretty crummy in terms of interest rates (generally 0.5%-1.0%), but it's better than what you'll get at a brick and mortar bank. I'm using Discover Savings right now (1.0%), and I've used Capital One 360 previously (0.75%). Both are really easy to start and use. Transfers between that and your checking account usually take 2-3 days or so.

Amnorix · 09-22-2016, 09:06 AM

Quote:

Originally Posted by DaFace

There are a number of "high interest" savings accounts out there online. They're still pretty crummy in terms of interest rates (generally 0.5%-1.0%), but it's better than what you'll get at a brick and mortar bank. I'm using Discover Savings right now (1.0%), and I've used Capital One 360 previously (0.75%). Both are really easy to start and use. Transfers between that and your checking account usually take 2-3 days or so.

I don't know anything abuot Discover Savings. I've been with Capital One for many years now (probably 15 or so) for most of my "loose" cash, and it's been pretty great overall. Much better interest rates on a regular account than you can even get on CDs at most other banks.

scho63 · 09-22-2016, 09:12 AM

Quote:

Originally Posted by El Jefe

Anyone have any good recommendations on where to put money you are taking out of Savings? My local PNC is closing, so I am taking all my savings out, and I am going to take it somewhere. I should have done it a while ago, because the interest rate is a joke. I guess I kind of worried putting it somewhere else where I don't have quick access to it.

1. Take it all out of the bank

2. Combine it with the other cash you have socked away

3. Put it all under your mattress

4. PM me your address and wait for me to stop by and explain the best way to invest it.

**DaKCMan AP** · 09-22-2016, 09:48 AM

Quote:

Originally Posted by DaFace

There are a number of "high interest" savings accounts out there online. They're still pretty crummy in terms of interest rates (generally 0.5%-1.0%), but it's better than what you'll get at a brick and mortar bank. I'm using Discover Savings right now (1.0%), and I've used Capital One 360 previously (0.75%). Both are really easy to start and use. Transfers between that and your checking account usually take 2-3 days or so.

Quote:

Originally Posted by Amnorix

I don't know anything abuot Discover Savings. I've been with Capital One for many years now (probably 15 or so) for most of my "loose" cash, and it's been pretty great overall. Much better interest rates on a regular account than you can even get on CDs at most other banks.

I've used Capital One previously, never used Discover. Ally Bank I think gives 1% on savings and they reimburse up to $12 in ATM fees/month.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $36899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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09-21-2016, 05:49 PM	#423
ChiliConCarnage TACO SALAD Join Date: Apr 2008 Location: yes Casino cash: $-181532	non shocker? rates didn't move.
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09-21-2016, 06:15 PM	#424
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $781110	I think the market is way overdue for a correction and these lower than low rates are like a loaded spring. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
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09-21-2016, 06:26 PM	#425
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-58100	The paperwork for a simple mortgage refinance has been insane. Should be closing fairly soon though. The loan company waived our appraisal, as they determined we already have enough equity in the house to refinance without someone having to look at the property and determine it's value. So that's a bonus. __________________ 2024 Royals game thread record 3-0
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09-21-2016, 11:57 PM	#429
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $1356136	I have two new books. How to Crush it...and Built to Last. __________________
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09-22-2016, 07:25 AM	#430
El Jefe Don't tread on me. Join Date: Nov 2006 Location: Where the peaches grow Casino cash: $9030572	Anyone have any good recommendations on where to put money you are taking out of Savings? My local PNC is closing, so I am taking all my savings out, and I am going to take it somewhere. I should have done it a while ago, because the interest rate is a joke. I guess I kind of worried putting it somewhere else where I don't have quick access to it.
Posts: 8,540

09-22-2016, 07:26 AM	#431
El Jefe Don't tread on me. Join Date: Nov 2006 Location: Where the peaches grow Casino cash: $9030572	^I have a cash reserve at my house that is instantly available, so if it took a couple days to access my funds, it wouldn't be the end of the world.
Posts: 8,540